Automotive Paint Market Reports provides results and potential opportunities and challenges to future Automotive Paint industry growth. Automotive Paint market research report offer five-year revenue forecasts through 2024 within key segments of the Automotive Paint industry.. The Automotive Paint market accounted for $XX million in 2018, and is expected to reach $XX million by 2024, registering a CAGR of YY% from 2019 to 2024.
The global automotive paint market is projected to witness an above-average growth over the next couple of years. Demand for automotive paints is growing due to constant improvements in their property and functionality. Today, automotive paints are not only used for beautification of the vehicles but also to enhance surface durability. Automotive paint increase the endurance of metal and aluminium parts of a vehicle, enabling them to withstand extreme environmental conditions such as heat, acid, UV radiation and dust particle. Moreover, automaker are channelizing efforts to improve the overall car coat and painting techniques. Several layers of paint and coating are applied in modern vehicles, which can reach thickness of nearly 100 Âµm (0.1mm). In order to ensure proper application of automotive paint, most manufacturers follow a highly systematic and precautious preparation procedure. Automotive paint usually comprise of a combination of coating layers, which include primer paint, basecoat and clearcoat.
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List of key players profiled in the Automotive Paint market research report:
Sherwin-Williams Company, Akzo Nobel N.V., Valspar Corporation, BASF SE, PPG Industries, NIPPON PAINT, Kansai Paint Co., Ltd., Axalta Coating Systems Ltd, DuPont Coatings & Color Technologies Group, Clariant AG
By Coating Type
Electrocoat, Primer, Basecoat, Clearcoat ,
Metallic, Solid, Pearlescent, Other (Matte Finish, etc.) ,
By Vehicle Type
Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles ,
By Paint Base
Solvent-borne, Waterborne ,
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The global Automotive Paint market is segmented based on product, end user, and region.
Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).
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Moreover, other factors that contribute toward the growth of the Automotive Paint market include favorable government initiatives related to the use of Automotive Paint. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
Key Benefits for Stakeholders from Automotive Paint Market Report:
This report entails a detailed quantitative analysis along with the current global Automotive Paint market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The Automotive Paint market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Automotive Paint industry.
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